Derivatives and Risk Management: Option Value

You have been given the following information on Claiborne Industries:

Current stock price = $30

Options exercise price = $30

Time until expiration of option = 3 months, or 0.25 of a year

Risk-free rate = 4.5%

Variance of stock price = 0.08

Using the Black-Scholes Option Pricing Model, what would be the options value? Round intermediate calculations to 6 decimal places. Round your answer to two decimal places.

$____